MCX Q1 net up 4% at Rs 64.74cr
Commodity exchange MCX today posted four per cent growth in net profit at Rs 64.74 crore for the first quarter ended June 30.
July 27, 2012 / 08:34 IST
Commodity exchange MCX today posted four per cent growth in net profit at Rs 64.74 crore for the first quarter ended June 30.
Its net profit for the April-June quarter of FY2011-12 stood at Rs 62.03 crore.For the quarter ended June 30, MCX's total income rose by six per cent to Rs 146.23 crore compared to Rs 138.39 crore for the corresponding quarter last year, the exchange said in a release issued here."Notwithstanding the global economic slowdown and its impact on the Indian economy, MCX has shown a steady performance in the first quarter of FY2012-13 with an operating margin of 68% and 40% growth in terms of number of contracts traded on the Exchange.Despite adverse circumstances, the market share of MCX has increased to 87.2% in Q1 FY13 from 86% in FY12," MCX Managing Director and CEO Shreekant Javalgekar said.The average daily turnover on the Exchange has increased by eight per cent to Rs 47,888 crore in Q1 of FY2012-13 from Rs 44,188 crore in the corresponding quarter last year.The total number of commodity futures contracts traded on the Exchange for the quarter ended June 30, increased by 40% to 98.28 million from 70.27 million in the corresponding quarter of FY 2011-12. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
